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Overview

What we offer, in a nutshell

Protect your business and its reputation with the complete sanctions compliance screening and vessel monitoring solution from Pole Star.

A comprehensive sanctions compliance screening & vessel tracking solution for organisations that have exposures to shipping and cargoes and need to know (and be able to prove) who, what and where they are trading with at all times.

Benefits

Why choose Pole Star?

Developed with and for organisations with exposures to shipping and cargoes, Pole Star’s financial crime screening solution automates complex risk management and compliance procedures in an easy-to-use web-based solution.

The increasing quantity and complexity of regulations is having a significant operational impact on financial institutions’ compliance teams and processes. Technology can help solve these compliance challenges by automating time consuming manual processes and consistently applying and recording them - across regions and departments.

Pole Star’s solution combines the services a client would normally obtain from separate ship data suppliers; sanction screening databases and vessel tracking systems into one easy-to-use web-based system which generates a tamper-resistant audit trail in seconds, as a record of their compliance activity.

By alleviating the increasing compliance demands that banks and financial institutions face, we help our clients remain competitive in their market place.

Regulatory technologies (RegTech) like our sanctions screening can help organisations to automate compliance procedures, streamline complex and time consuming procedures and ensure that due diligence and compliance are executed consistently across multiple teams or regions.

It is crucial for institutions to have robust and effective controls in place to manage their regulatory and reputational risks. Protect your business and its reputation with the comprehensive risk management and sanctions compliance solution from Pole Star.

Features

Find out what we can do for you

Screening results in 30 seconds

Screen a ship and its associated group beneficial owner, registered owner, operator, ship manager, and technical manager against a comprehensive range of international sanctions lists in less than 30 seconds.

Easy to understand results

Clear and easy to understand screening results delivered in seconds means you can make your business critical decisions faster.

Online and on-demand

Screening is available 24/7 whenever you need it via the web-based application. Log in from any compatible browser. There is no hardware or software to install.

Complete audit trail

Maintains an up-to-date record of all users’ historical and on-going activities, providing a tamper-resistant, auditable and verifiable statement of your organisation’s due diligence and compliance activities.

Screens ships and their associates (associated group beneficial owner, registered owner, operator, ship manager and technical manager) against a comprehensive set of trade compliance lists (including over 400 economic sanctions, embargoes and denied party lists) to reveal their current and historic sanctioned status.

Screens ships and their associated entities against a comprehensive set of trade compliance lists

Includes over 400 economic sanctions, embargoes and denied party lists

Checks current and historical sanctioned status

Clear and concise results

Easy to understand ‘traffic light’ icons highlight severity of the result

Customise the severity of results based on your business’s definitions

The next layer of screening checks the flag of a ship and whether its associated group beneficial owner, registered owner, operator, ship manager or technical manager are domiciled, controlled, or registered in a sanctioned country.

Identifies which country's flag the vessel operates under

Checks whether ship’s associated entities are domiciled, controlled, or registered in a sanctioned country

Easy to understand ‘traffic light’ icons highlight severity of the result

Customise the severity of results based on your business’s definitions

Screens up to 12 months of historic ship movement data to reveal whether the ship has called at the port of a sanctioned country, or any other country you define.

Checks up to 12 months of ship movement data (customisable)

High-quality AIS data

Reveals whether a ship has called at the port of a sanctioned country

Define the countries you want to return ‘critical’ or ‘warning’ results

Screens the ship against a range of class and Port State Control (PSC) inspection deficiency and detention databases and blacklisted ports. Customise the severity of results based on your business’s definitions.

Finally, the systems will warn you if a ship has called at a port subject to a current geopolitical threat e.g. Ebola risk countries.

"It is a good practice for banks to find out the recent voyage history of the vessel."

Monetary Authority of Singapore

The UN recommends “monitoring the movement of vessels in and around ports or vessels that are subject to sanctions.”